Spotlight: More Than 10,000 Indian Companies Have Defaulted On 'Provident Fund' Payments

By M H AHSSAN | INNLIVE

The numbers of defaulting companies and institutions is growing.

It should have taken 30 days for Sanjaya Kumar, 27, from Odisha to withdraw his father’s provident fund of Rs 40,000, the post-employment rainy-day or retirement stash that companies must compulsorily deduct from salaries.

Average Deposit In Accounts Under 'Jan Dhan Yojana' Scheme Doubled In 21 Months

By NEWS KING | INNLIVE

The number of accounts opened under the Prime Minister's financial inclusion programme quadrupled between September 2014 and May 2016.

The average deposit per account under Pradhan Mantri Jan Dhan Yojana – a financial inclusion programme launched by Prime Minister Narendra Modi in August 2014 – increased 118%, from Rs 795 in September 2014 to Rs 1,735 in May 2016, according to IndiaSpend's analysis of government data.